- Mesh raised $75M at a $1B valuation, with Dragonfly, Paradigm and Coinbase Ventures backing its payments infrastructure.
- Part of the funding settled in stablecoins, showing real-time on-chain settlement without relying on banks or card networks.
- Mesh enables users to pay in one crypto while merchants receive another asset, supporting global expansion and stablecoin growth.
Crypto payments network Mesh raised $75 million in a Series C funding round, lifting its valuation to $1 billion. The round closed this week and was led by Dragonfly Capital, with Paradigm and Coinbase Ventures participating. The funding values Mesh at unicorn status and brings total capital raised to more than $200 million, according to the company.
Series C Draws Major Crypto and Venture Backers
According to Mesh, Dragonfly Capital led the Series C round, with backing from Paradigm, Moderne Ventures, Coinbase Ventures, SBI Investment, and Liberty City Ventures. The investment marks one of the largest crypto infrastructure raises this year.
Notably, Mesh said part of the round settled directly in stablecoins, demonstrating live blockchain settlement at scale. Mesh operates a payments network that connects wallets, blockchains, and digital assets into a single system.
Rather than issuing tokens, the company focuses on infrastructure that allows users to pay with one asset while merchants settle in another. This structure supports instant settlement while bypassing traditional card networks and banking rails.
Global Expansion and Strategic Partnerships Accelerate
Following the funding, Mesh plans to expand operations across Latin America, Asia, and Europe. The company already reports network reach across more than 900 million users worldwide.
Previously, Mesh confirmed its entry into India, citing large remittance volumes and strong mobile adoption. In addition, Mesh has announced support for Ripple USD and partnerships with Paxos and Rain.
These integrations aim to broaden settlement options across stablecoins and fiat currencies. According to the company, the new capital will also support product development and compliance infrastructure across regions.
Stablecoin Growth Drives Interoperable Payments Demand
Mesh’s expansion comes as stablecoins reached roughly $300 billion in market capitalization during 2025. Industry data shows stablecoins processed more than $27 trillion in transactions over the same period. However, liquidity remains fragmented across chains and issuers.
Mesh positions itself as an asset-agnostic layer connecting that liquidity. Through its SmartFunding technology, users can spend assets like Bitcoin or Solana, while merchants receive settlement in stablecoins or local currency. According to Mesh, this model removes network complexity from the payment experience while maintaining on-chain settlement.
